Correct Answer - Option 2 : Rs. 10350
Given:
Principal = Rs. 9000
R1 = 5%
R2 = 10%
T1 = 1 year
T2 = 1 year
Formula Used:
SI = {P × (R1 × T1 + R2 × T2)}/100
Calculation:
Substitute the values in the formula
SI = {9000 × (5 × 1 + 10 × 1)}/100
SI = Rs. 1350
Total amount = P + SI ⇒ 9000 + 1350
⇒ P + SI = Rs. 10350
∴ Total amount paid at the end of 2 years is Rs. 10350